From Stimulus to Consolidation
Revenue and Expenditure Policies in Advanced and Emerging Economies
Benedict J Clements author Victoria J Perry author Juan Toro R author
Format:Paperback
Publisher:International Monetary Fund (IMF)
Published:28th Feb '11
Currently unavailable, and unfortunately no date known when it will be back
This paper identifies policy tools that could be used for fiscal consolidation in advanced and emerging economies in the years ahead. The consolidation strategy, particularly in advanced countries, should aim to stabilize age-related spending in relation to GDP, reduce non-age-related expenditure ratios, and increase revenues. Bold reforms are needed to offset projected increases in age-related spending, particularly health care. On the revenue side, measures could include improving tax compliance, for example through better international cooperation, as well as increasing the yield from VAT by eliminating exemptions and reduced rates, further developing property taxes, and increasing excise rates within the range of rates already applicable in comparable countries.
ISBN: 9781616350420
Dimensions: unknown
Weight: unknown
120 pages